$FLUID Price Structure Analysis | Support, Resistance & Trading Plan
$FLUID is currently trading around 2.63 after a strong and continuous decline from the 2.90 area, showing clear bearish pressure in the short term. The recent low near 2.62 – 2.63 is acting as an important support zone, where selling momentum is slowing and price is trying to stabilize.
If this support holds, a short-term bounce is possible. The first resistance is located around 2.75 – 2.80, which was a previous consolidation area. A stronger resistance remains near 2.85 – 2.90, where heavy selling started earlier.
Short-term long entry:
Traders can consider a cautious long near 2.62 – 2.65 with a tight stop-loss below 2.58. This setup is for a relief bounce toward 2.75.
Long-term long entry:
Safer accumulation can be planned if price confirms strength above 2.70, with stop-loss below 2.60 and upside targets toward 2.85 – 2.90.
Short entry strategy:
If price rejects from 2.80 – 2.90, short positions can be considered with stop-loss above 2.95, targeting a move back toward 2.65.
Overall, FLUID is at a decision zone. Watch support closely and wait for confirmation before committing heavy positions. Risk management is key at these levels.
